Stock Market & Financial Investment News

Williams Partners says Gulfstar FPS near completionWilliams Partners reported key construction milestones and progress on a tieback expansion as its proprietary Gulfstar FPS nears completion in the eastern deepwater Gulf of Mexico. The Gulfstar One project is the first spar-based floating production system with major components built entirely in the U.S. Once operational, the Gulfstar’s base design will produce up to 60K barrels of oil per day and 135M standard cubic feet of gas per day with additional tieback capacity. With hook-up and commissioning activities currently underway, Gulfstar is on schedule to start serving anchor customers in 3Q14 and Gunflint in fY16.